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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Premiums collected $ 4,106 $ 3,780
Net investment income received 362 337
Limited partnership distributions 95 125
Service agreement fee received 23 23
Commissions and bonuses paid to agents (576) (521)
Losses paid (2,438) (2,039)
Loss expenses paid (378) (343)
Other underwriting and acquisition costs paid (519) (465)
Income taxes paid (126) (208)
Net cash provided by (used in) operating activities 549 689
Purchase of investments:    
Fixed maturities (1,825) (2,157)
Preferred stock (382) (94)
Common stock (766) (1,021)
Limited partnerships (82) (66)
Sales/maturities of investments:    
Fixed maturity sales 490 716
Fixed maturity calls/maturities 685 881
Preferred stock 331 84
Common stock 944 1,057
Sale of and returns on limited partnerships 100 125
Net purchase of property and equipment (29) (24)
Net collections on agent loans 2 1
Net distributions on life policy loans (1) 0
Net cash provided by (used in) investing activities (533) (498)
Cash flows from financing activities    
Annuity deposits and interest 66 68
Annuity surrenders and withdrawals (62) (58)
Universal life deposits and interest 25 20
Universal life surrenders (9) (8)
Purchase of treasury stock (20) (22)
Dividends paid to shareholders (89) (56)
Net cash provided by (used in) financing activities (89) (56)
Net increase (decrease) in cash and cash equivalents (73) 135
Cash and cash equivalents at beginning of period 452 400
Cash and cash equivalents at end of period $ 379 $ 535